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Westpac sells JPY245bn Samurai and Euroyen bonds.

Global Banking News-2 February 2009-Westpac sells JPY245bn Samurai and Euroyen bonds(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 02 February 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Westpac Banking Corporation (WBC) (AX: WBC), Australia's biggest lender by market value, has sold JPY245bn of bonds, including the first samurai notes since Lehman Brothers Holdings Inc collapsed in September.

The Sydney-based bank had sold JPY133bn of five-year, fixed-rate samurais paying 1.7 percent and JPY11.8bn of three-year notes paying 1.27 percent, Bloomberg News said in a report citing a sale document.

The sale also included JPY56.5bn of five-year floating-rate samurais yielding 70 basis points more than the three-month London interbank offered rate for yen and JPY44bn of three-year, fixed-rate euroyen notes paying 1.27 percent.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Feb 2, 2009
Words:156
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